The indictment

looks strong on its face, and the offenses alleged are serious ones. However, Libby is innocent until Fitzgerald proves otherwise, and we have not yet heard Libby’s side of the story.

The impression one gets from reading the indictment is that there was massive cooperation on the part of administration employees and officials. This looks like the anti-Watergate — a president ordering everyone to cooperate and the absence of any organized cover-up.

Unless Karl Rove is indicted later on, the political fall-out is likely to be almost non-existent.

UPDATE: The sense I got from the portions of Fitzgerald’s press conference I saw is that, more likely than not, there will be no additional indictments.